FINANCIAL AID: TYPES OF FINANCIAL AID
The Art Institute of Portland participates in federal, state and other financial aid Programs.
Financial Aid is divided into three general categories:
Gift Aid - these are grants, scholarships, and other benefits that do not have to be repaid.
Most grants are based on financial need, as determined by a federal formula, and are given by the federal or state governments;
most scholarships are based on criteria such as grades or affiliations or other criteria, and may or may not also include a
financial need component; most benefits are based on a combination of criteria. For more information about Gift Aid,
click here.
- Federal Pell Grants
- Federal SEOG (Supplemental Education Opportunity Grant)
- Art Institute Scholarships
- Other Scholarships
- Vocational Rehabilitation
- Veterans Benefits
- Tax Benefits
Loans - loans do need to be repaid; repayment on student loans can usually be delayed until several months
after the student leaves school. Some loans, such as Federal Stafford Loans and Federal Perkins Loans, are given to students
in their own names; some loans, such as Federal PLUS Loans are given to parents of dependent students. Some loans are based
on the student's financial need; some loans require a credit check; some loans are available regardless of income. There are
alternative education loans, given by private lenders to students, that may or may not require a cosigner. For more information
about loans, click here.
- Federal Subsidized Stafford Loan
- Federal Unsubsidized Stafford Loan
- Federal PLUS Loan (Parent Loan for Undergraduate Students)
- Alternative Loan
- Home Equity Loan
Work - some students choose to work to help to pay their living expenses while attending school.
The Art Institute of Portland participates in the Federal Work-Study program, and also assists students to find part-time jobs in the community.
For more information about work programs, click here.
- Federal Work-Study
- Part-time job assistance
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